empty
 
 
17.03.2023 05:59 PM
Ichimoku cloud indicator analysis on EURUSD for March 17th, 2023.

This image is no longer relevant

EURUSD is trading around 1.0645 as price is bouncing off the recent lows at 1.0517. Price remains in bearish trend according to the Ichimoku cloud indicator in the Daily chart as price is still below the Kumo (cloud). EURUSD is testing the lower cloud boundary and the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). These two indicators provide resistance at 1.0638 and 1.0661 respectively. The lower cloud boundary is also found at 1.0661. Bulls need to recapture at least 1.0661 in order to hope for a bigger move higher. The Chikou span (black line indicator) is still below the candlestick pattern, but has bounced off cloud support. Support is at 1.0575 and bulls need to defend this level in order to hope for a move higher. Failure to hold above 1.0575 will bring more selling pressures.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Ichimoku cloud indicator analysis on EURUSD for March 30th, 2023.

EURUSD is trading around 1.0890. Short-term trend remains bullish as price continues to trade above the Kumo (cloud). Recently we got another bullish signal by the cross of the tenkan-sen

Alexandros Yfantis 14:45 2023-03-30 UTC+2

Ichimoku cloud indicator analysis on Gold for March 29th, 2023.

Gold price is trading around $1,964 as price is hovering above the 4 hour Kumo. Cloud support at $1,959 is very important for the near term. The tenkan-sen (red line

Alexandros Yfantis 14:45 2023-03-29 UTC+2

Ichimoku cloud indicator analysis on EURUSD for March 29th, 2023.

EURUSD is trading around 1.0845. Trend in the 4 hour chart remains bullish according to the Ichimoku cloud indicator. Price is trading above the Kumo (cloud) and we recently seen

Alexandros Yfantis 14:40 2023-03-29 UTC+2

Ichimoku cloud indicator analysis on Gold for March 28th, 2023.

Gold price is trading around $1,968. According to the Ichimoku cloud indicator trend remains bullish. So far there is no sign of weakness or reversal. Price recently pulled back towards

Alexandros Yfantis 19:17 2023-03-28 UTC+2

Ichimoku cloud indicator analysis on EURUSD for March 28th, 2023.

EURUSD is trading around 1.0840. Daily trend according to the Ichimoku cloud indicator is still bullish. Price turned lower to back test the Kumo (cloud). Price respected the cloud support

Alexandros Yfantis 19:10 2023-03-28 UTC+2

Ichimoku cloud indicator analysis on Gold for March 27th, 2023.

Gold price is trading around $1,953. Short-term trend remains bullish as price remains above the Kumo (cloud) in the Daily chart. Gold price is under pressure today as it tests

Alexandros Yfantis 16:55 2023-03-27 UTC+2

Ichimoku cloud indicator analysis on Gold for week ending March 24th 2023.

Gold price ended the week lower than the previous week and about the same level where it opened. Price made a new higher high but bulls were not strong enough

Alexandros Yfantis 12:41 2023-03-26 UTC+2

Ichimoku cloud indicator analysis on Gold for March 21st, 2023.

Gold price is trading around $1,950. Trend remains bullish but there are signs of vulnerability. Gold price has broken below the tenkan-sen (red line indicator) and is challenging the kijun-sen

Alexandros Yfantis 16:08 2023-03-21 UTC+2

Ichimoku cloud indicator analysis on Gold for March 17th, 2023.

Gold price is making fresh 2023 highs as price is breaking above the February highs. Short-term trend remains bullish. The Ichimoku cloud indicator remains in bullish trend since the bullish

Alexandros Yfantis 16:56 2023-03-17 UTC+2
Can't speak right now?
Ask your question in the chat.